How silver is priced in Ghana
Ghana's precious-metals market is built around gold; silver is bought mostly as sterling (925) jewellery and in small quantities as bars or coins priced per ounce or per kilo. The figures here are international spot silver converted at today's USD/GHS rate — the metal value before VAT, levies and dealer premiums.
VAT and levies
Under the VAT Act, 2025 (Act 1151), in force since 1 January 2026, taxable supplies carry 15% VAT plus 2.5% NHIL and 2.5% GETFund levy — 20% in total — after the 1% COVID-19 levy was abolished. Silver is not among the exempt or zero-rated supplies, so silver jewellery and bars bought from a VAT-registered business are taxed, and imported silver pays duty at the port as well.
Silver and Ghana's gold sector
Ghana mines little silver on its own, but gold doré from its mines contains some silver, which is separated when the doré is refined. The Ghana Gold Board (GoldBod), set up in 2025 as the sole buyer and exporter of artisanal and small-scale gold, deals in gold rather than silver, and from 1 September 2026 artisanal doré must be refined in Ghana before export. Retail silver prices simply follow the international price and the cedi exchange rate.
Buying tips
Check for a 925 or "sterling" stamp — plated and nickel pieces are common — and ask for the weight and purity on the receipt. Because silver is cheap per gram, workmanship can be most of the price of a piece; compare it with the metal value from the calculator above, and ask about the buy-back price before buying bars.
Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.